Yvette Choo

Rajiv Nakani will lead the Kuwaiti government-backed firm’s alternative asset management arm.

Despite the increased risks posed by investment in the financial services sector, recent deals show the crisis has failed to dampen private equity appetite for deals in this space. Yvette Choo reports.

With its acquisition of a 13 percent stake in Genesis Colours, the private equity arm of London-based Henderson Global Investors joins other private equity firms, which have invested in the company.

The US-headquartered firm has aquired Broadleaf, which provides software to the automotive industry. The deal has been estimated at $212m.

Allan Moss will advise the Sydney-based special situations private equity firm.

TPG's second Vietnam deal is for a stake in one of the country's largest private companies, Masan Group, whose interests include food production and financial services.

The GE Healthymagination Fund will make investments in broad-based diagnostics, healthcare information technology and life sciences.

The global buyout firm has acquired a 16.5 percent stake in China Agritech and may increase its stake if the company does not meet an agreed net income target this financial year.

The rebranded firm, formerly the Abu Dhabi Investment Company, aims to raise a fund more than triple the size of its predecessor.

The Abu Dhabi fund manager - along with Ithmaar and Gulf Finance - aims to raise $1bn to invest in development projects and hospitality and entertainment companies in Asia and the MENA region.